Business Tips

BORROW MONEY BEFORE YOU NEED IT

As you think more about what you will need to launch or expand your business, here is another planning tip: BORROW MONEY BEFORE YOU NEED IT.

Yes, you read that right. Successful entrepreneurs understand that they need to think about where they want their businesses to be a year, as well as three years from now. They plan ahead for it, including milestones that may require financing.

Many struggling business owners apply for loans after they’ve spent all their money. At this point, it will be nearly impossible to find a lender who will bail you out. So, think ahead, plan ahead, succeed.

We welcome your calls and inquiries. Feel free to CONTACT US with questions about how to access the capital for growth before you actually need it.

For Borrowers

CIC is an economic development lender contributing financial expertise and practical guidance to small business entrepreneurs in Connecticut and Rhode Island who have powerful ideas and need more power to grow them.